Real Estate Weekly: News notes, 06/15/21
These news notes appeared in IBJ’s Real Estate Weekly on June 15, 2021.
These news notes appeared in IBJ’s Real Estate Weekly on June 15, 2021.
Government leaders in Anderson, Carmel, Fishers, Indianapolis, Noblesville, Westfield, and Hamilton and Madison counties, have joined together to secure funding for redevelopment and economic investment projects along the White River.
Washington Prime Group, which filed for bankruptcy Sunday, said it may end up selling some or all of its properties as part of its restructuring. The company also owns several other local retail centers.
The company disclosed on its website May 12 what it described as a “cyber security incident” that resulted in the “theft of certain customers’ payment information.”
Carmel, Fishers and Noblesville are among roughly 50 cities nationwide that are now projected to receive less than half of the federal COVID-19 relief money they originally expected.
American consumers absorbed another surge in prices in May—a 0.6% increase over April and 5% over the past year, the biggest 12-month inflation spike since 2008.
What started as a simple passion for changing the layout of their childhood bedrooms soon blossomed into the job of their dreams.
Roundup: Fishers might soon be getting a taco joint, an Asian tea franchise and a fast-seafood eatery. Also, a relocated veterinary clinic has plans to build next to a new Mexican restaurant in Carmel and part of a former Big Lots in Boone County is slated to become a new gym.
The acquisition marks Marietta, Georgia-based Wrench Group’s first expansion into the Midwest and adds 400 employees to its operations.
These news notes appeared in IBJ’s Real Estate Weekly on June 6, 2021.
About half of the 20 vendors so far are already open at The AMP, which has its grand opening later this month. The AMP, a food-and-drink-based artisan marketplace, is on the campus of 16 Tech on the western edge of downtown.
The Carmel-based business communications software company said the new funding will be used for ongoing product development and to boost hiring.
The health care and life sciences startup announced today it will expand its operations and add 126 new jobs by the end of 2025.
The auto company said Wednesday that Carmel will be the first city in the world where the software—which was developed in-house at Volkswagen—will be used to gather traffic and intersection data.
The hiring of Jasmine Minor follows several other recent staff moves by the Indianapolis television station.
The five children of late heart surgeon and real estate developer John N. Pittman have reached a legal agreement after years of fighting over the management of their father’s estate. As a result, The Bridges in Carmel and The Farm at Zionsville can proceed.
Jesse Rice, founder and owner of Black Circle Brewing Co., has transcended his business’s identity as a brewery and morphed it into a place where all are welcome.
One reason is that big companies are focused on staying on course—maintaining the successes and strengths that made them big in the first place. And if you’re always on course, there’s little room for innovation.
A global semiconductor shortage, driven in large part by pandemic-related factors, is forcing many central Indiana manufacturers and distributors to broaden their supply base and forecast their needs longer term, along with hoping for federal aid from the president’s infrastructure proposal.
When the pandemic hit last spring, KAR Global had little choice but to shut down its in-person, wholesale auto auctions, which had been the publicly traded company’s backbone for years. But within two weeks, the Carmel-based company was back up and running—with 100% remote auctions. So how did KAR make it happen?